While the potential for eSIM is touted as the future …There are multiple industries which for which eSIM holds much potential, with smartphones and other consumer devices leading the pack as likely to account for the greatest share of eSIM production worldwide. The automotive industry, however, was also projected to hold a large share of the eSIM market.
The number of MNOs offering an eSIM service for smartphones has seen an accelerated increase since 2018, and the total number of eSIM shipments (i.e., for all devices across the world), has an even more exponentially steep forecast from 2021 to 2030. Companies enabling eSIM adoption are beginning to distinguish themselves in this new market.
… several challenges to eSIM adoption require attentionDespite the high forecasts and importance of eSIM for future business, the rate of adoption remains low. Consumer awareness of this technology had marginally increased in multiple countries by 2021, yet remained low overall. The main challenges involved in eSIM rollout revolve around the lack of technology and technical support in general, particularly on the side of operators who both see the potential of eSIM yet also harbor concerns about the ease with which consumers may switch to a different operator, known as "churn".
Nevertheless, the number of operators that launched commercial eSIM services for smartphones – the device most likely to increase consumer interest in eSIM – has steadily increased, fulfilling expectations of eSIM being the future of interoperable systems.